Hard Money, Finish Constructions, Bridge, and Rehab
Hard Money Financing is for individuals that is looking to purchase any type of Real Estate Transactions with challenged credit (Under 650 fico score), limited income documentation, or special lending property type.
We work with many lenders to offer Hard Money Financing, with each having different benefits and lending parameters.
Program Parameters
Real Estate Only
Less than perfect credit OK!
Interest Only Monthly Payments
Fix rate from 10%-14%
1-3 years term (Exit Stragety Required)
No Prepayment Penalty
Loan Amount: $500,000.00 Minimum
May not require Appraisal Report
Additional Information for Bridge, Mezzanine, and Rehabilitation (May Apply)
$2 million to $15 million
Loan Size: Minimum $2 million to Maximum $10 million loan amounts Max LTV: 70% with minimum DSCR of 1.00+ ; Higher LTV with a DSCR of 1.40+ Purchases and Refinances Lender to order appraisal report to ensure value
Occupancy min: 70% occupancy
Borrower Liquidity Borrower must have 20%+ liquidity of the loan amount request prior to closing.Need strong financial strength.
Property Types Considered
Acquisition | Agri-Business | Apartments |
Automotive | Bar/Restaurant | Bed & Breakfast |
Blanket Loans | Business Loans | Campgrounds |
Car Washes | Churches | Commercial Retail |
Condo Developments | Congregate Care | Construction |
Convenience Stores | Day Cares | Dry Cleaners |
Energy Projects | Ethanol Plants | Facilities |
Funeral Homes | Gas Stations | Gold Mines |
Golf Courses | Health Cares | Heavy Industrial |
Hospitals-Medical | Hotels & Motels | Industrial |
Marinas | Mix Use | Mobile Home Parks |
Multi-Family | Odd Properties | Offices |
Office Condos | Oil Refineries | Parking Structures |
Precious Metals | Regional Malls | Resorts |
Self Storage | Shopping Centers | Special Purpose |
Subdivision | Theme Parks | Warehouses |